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Search Results 0 to 7 of about 8 (some duplicates have been removed)
Dec 4, 2012 5:00pm PST
% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been that way and it's time for both sides to sit down together. >> it's time now to sit across the table from one another rather than me saying what i could accept and wouldn't accept, why don't we have the president and our leaders, republican and democrat, sit across the table the way they did with bill clinton, the way they did with ronald reagan, and the way you get things done in washington, rather than saying hey, would you stick with grover norquist or would you not or would you address entitlements or not. i believe it's vital that we address the entitlements, who are the elephant in the room, but that would
Dec 3, 2012 5:00pm PST
parts of the proposals to avert that fiscal cliff will really have. tonight we tackle the much-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that earn more than a quarter million dollars a year, pay a higher tax rate on the marginal amount, the amount above the $250,000 a year. so we're talking about taking that rate from 36% to 39.6% if we even go there. that hasn't even been negotiated yet but that's 3.6% on every dollar you earn above $250,000. there are not a lot of studies that suggest that that would have catastrophic effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. now, those will jump signific
Dec 5, 2012 7:00pm PST
today, the obama administration is willing to go over the fiscal cliff if republicans don't agree to raising taxes on the rich. all this week we've been focusing on what it is about this congress and this administration that makes it seem like compromise is a dirty word. certainly the extremes in the party seem to view it that way. we've been talking with past congressional leaders who have sat down at the negotiating table, facing sharp differences with the other political party in the past and still managing to come out with a deal. today i spoke a short while ago with trent lott, author of "herding cats: a life in politics." >> senator lott, you and senator mitchell wrote op-eds. you said one solution is to hold congress at hearings, marking up legislation. most americans would agree with that but be surprised to hear, i mean, that's their job. i think most of us, you know, would assume, isn't that their job description? >> well, they've slowly slipped away. for several years now. they don't do appropriations bills before the end of the fiscal year, not even before the end of t
Search Results 0 to 7 of about 8 (some duplicates have been removed)